Warrior Met Coal $HCC Position Reduced by Covestor Ltd

Covestor Ltd lowered its stake in Warrior Met Coal (NYSE:HCC) by 90.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 595 shares of the company’s stock after selling 5,741 shares during the period. Covestor Ltd’s holdings in Warrior Met Coal were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Evergreen Capital Management LLC acquired a new position in Warrior Met Coal in the third quarter worth about $306,000. Ritholtz Wealth Management grew its position in shares of Warrior Met Coal by 11.3% in the 3rd quarter. Ritholtz Wealth Management now owns 16,208 shares of the company’s stock worth $1,032,000 after acquiring an additional 1,643 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Warrior Met Coal by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock worth $448,000 after acquiring an additional 216 shares in the last quarter. Hosking Partners LLP increased its holdings in shares of Warrior Met Coal by 2.1% in the 3rd quarter. Hosking Partners LLP now owns 648,608 shares of the company’s stock valued at $41,277,000 after acquiring an additional 13,174 shares during the last quarter. Finally, Northstar Group Inc. acquired a new stake in shares of Warrior Met Coal during the 3rd quarter valued at approximately $205,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 100,000 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. The trade was a 25.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 128,966 shares of company stock worth $12,453,450. 2.10% of the stock is owned by corporate insiders.

Warrior Met Coal Stock Performance

HCC stock opened at $89.89 on Thursday. The company has a 50-day simple moving average of $87.97 and a 200 day simple moving average of $71.46. The company has a market capitalization of $4.73 billion, a P/E ratio of 134.17 and a beta of 0.63. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.91. The firm had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. Warrior Met Coal’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. Sell-side analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on HCC shares. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Jefferies Financial Group raised their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus target price of $88.00.

Warrior Met Coal Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.